Charles Schwab Investment Management Inc. lifted its holdings in Prudential plc (NYSE:PUK - Free Report) by 62.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,918 shares of the financial services provider's stock after purchasing an additional 35,811 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Prudential were worth $1,481,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in Prudential in the third quarter worth about $788,000. HighTower Advisors LLC raised its position in shares of Prudential by 98.2% in the 3rd quarter. HighTower Advisors LLC now owns 40,722 shares of the financial services provider's stock valued at $758,000 after purchasing an additional 20,180 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Prudential in the 3rd quarter worth approximately $1,281,000. Quantinno Capital Management LP grew its position in Prudential by 21.2% during the 3rd quarter. Quantinno Capital Management LP now owns 206,157 shares of the financial services provider's stock worth $3,822,000 after purchasing an additional 36,087 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Prudential by 10.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 36,681 shares of the financial services provider's stock valued at $672,000 after acquiring an additional 3,380 shares during the period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.
Prudential Price Performance
NYSE:PUK traded up $0.28 during mid-day trading on Wednesday, hitting $21.85. The company's stock had a trading volume of 615,806 shares, compared to its average volume of 1,013,295. The business's fifty day moving average is $18.71 and its two-hundred day moving average is $17.33. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.41 and a beta of 1.21. Prudential plc has a 1 year low of $14.39 and a 1 year high of $22.01.
Prudential Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th will be given a $0.3258 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Prudential's previous dividend of $0.24. Prudential's dividend payout ratio is currently 28.02%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Prudential from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd.
View Our Latest Stock Analysis on Prudential
Prudential Profile
(
Free Report)
Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
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